KUALA LUMPUR: Sunway Bhd, KPower Bhd, Gagasan Nadi Cergas Bhd, KNM Group Bhd, UOA Development Bhd, Pimpinan Ehsan Bhd, Ekovest Bhd and Pertama Digital Bhd are among the stocks to watch on Tuesday, according to JF APex Research.
Sunway is acquiring a majority stake in Multicare Health Pharmacy Sdn Bhd, which operates 76 retail pharmacies across six states in Peninsular Malaysia.
KPower has proposed a private placement of RM100mil as the group seeks funding for its recently secured solar power and mini hydro power projects.
Gagasan Nadi Cergas has won contracts totalling RM385mil to build 2,005 units of high-rise affordable homes in Selangor.
KNM has proposed a private placement of up to 987.52 million new shares, representing 30% of its share capital, to raise RM167.9mil in proceeds for the purpose of repaying its bank borrowings.
UOA Development is diversifying into caregiving services involving patients and senior citizens under a proposed joint venture which will enable the property developer to venture into the new business.
Pimpinan Ehsan is acquiring renewable energy (RE) company reNIKOLA Holdings Sdn Bhd for RM373 million.
Ekovest’s subsidiary Konsortium Lebuhraya Utara-Timur (KL) Sdn Bhd (Kesturi) will defer the unpaid portion of its RM180mil junior bonds’ cumulative coupon payment due on June 2, 2021 to the next coupon payment date on Dec 2, 2021 following the consent of bondholders.
Pertama Digital has roped in Indonesia-based Crowdo Holdings Pte Ltd as its first consortium partner for the purpose of applying for a digital bank licence from Bank Negara Malaysia.
Kronologi Asia has proposed to acquire the remaining 83.33% stake in Quantum China Ltd it does not own for RM150mil via a combination of cash and new Kronologi Asia shares.
Meanwhile, the US market rose overnight led by technology counters following hopes of reopening the economy as coronavirus cases fell to the lowest since June.
Earlier, European stocks advanced amid concerns over inflation and geopolitical tension in Belarus.
“Following yesterday's rebound, the FBM KLCI could remain buoyed above the support of 1,550 points,” JF Apex said.